By Abdullahi Mukhtar Algasgaini
Nigeria’s gross domestic product (GDP) grew by 4.07% in the fourth quarter of 2025, marking the second time in a decade, excluding the post-pandemic rebound, that quarterly growth has surpassed the 4% threshold, according to new data released by the National Bureau of Statistics (NBS).
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, welcomed the figures on Tuesday, framing them as evidence that the economic reforms initiated by President Bola Ahmed Tinubu’s administration are gaining traction.
The Q4 performance builds on the momentum of the 4.23% growth recorded in the second quarter of 2025 and represents a significant uptick from the 3.76% growth reported in the third quarter of 2024. It also surpasses the 3.52% growth recorded in the fourth quarter of 2024.
The growth in the final quarter of the year was driven by expansion across Nigeria’s three main economic sectors.
1· The Agriculture sector grew by 4.0%, a sharp rise from 2.54% in Q4 2024. The ministry attributed this improvement to enhanced security in food-producing regions and better access to essential inputs for farmers.
2· The Industrial sector expanded by 3.88%, compared to 2.49% in the same period of the previous year. Officials cited improved foreign exchange liquidity, ongoing energy sector reforms, and a rebound in investor confidence as key drivers.
3· The Services sector, the largest contributor to the economy, recorded a growth rate of 4.15%, fueled by continued expansion in finance, telecommunications, trade, and other technology-driven activities.
The ministry highlighted the breadth of the expansion, noting that approximately 30 sub-sectors across the economy recorded growth rates above 3%.
For the full year 2025, Nigeria’s real GDP growth stood at 3.87%, an improvement from the 3.38% recorded in 2024. The nominal size of the economy also increased significantly, rising to ₦441.5 trillion from ₦372.8 trillion in the prior year.
In his remarks, Minister Edun stated that the latest figures reinforce confidence among both domestic and international investors. He reiterated the Ministry of Finance’s commitment to sustaining the implementation of structural reforms, maintaining disciplined expenditure management, and improving revenue mobilization to ensure macroeconomic stability continues to strengthen.
